Business_1911_012 Henry H Rolapp

Notes on Attached Statement. I have added to Cost of Plant $30,282.21,net, which is all bona fide additional properity, outside of $32,590.00 for hay(being 6,518 tons at $5.00 ) most of which will be consumed during the coming year. I have added $1,000.00 for store profit , which is quite justified by our last inventory. I have charged all possible expences to date to Profit & Loss, totaling $ 49, 559.21, including over $ 10,000.00 for putting up hay. I have credited all net revenues and Cattle Sales ( both shipped and sold on ranches ) to profit & loss, as well as crediting it with the hay on hand. This gives us a profit for the year of $179,247.30 . Deducting from this the total expences of $49,559.21, gives us a net profit for the year of $ 129,688.09. We had on hand at the beginning of 1911 in the Profit and Loss Account $ 6,882.69, so that at present our Profit & Loss Account is $ 136,570.78. Evan if we deduct the hay on hand ( $32,590.00 ) we still have $103,980.78 in that acct. During the year we paid off $45,000.00 in notes and at present owe nothing, with $ 76,688.15 on hand in cash. We have not yet received full report on calves branded , but it will be 5,000 at least ( last yaer it was 5,405 ), and having only sold 2,710 head, shows an increase of over 2,000 head of cattle, of which no account has been taken. Of course , there is yet two months expences for this year to be taken care of. Statement of VINEYARD LAND AND STOCK COMPANY October 20th, 1911. ASSETS. Cash Plant Dr. $76,688.15 Blacksmith Shop $248.56 Cattle Bought 1,005.58 Tools 1,851.62 Improvements 562.76 Land Purchases 729.60 Lumber Stock 342.30 Horses Bought 3,041.79 Scrip 1.160.00 $ 8,942.21 Hay on Hand 6,518 @ $5.00 32,590.00 $41,532.21 CR. Land Sales 11,200.00 Horses Sold 50.00 11,250.00
$ 30,282.21 Old Account 1,030,000.00 Store $1,060,282.21 1,600.42 $1,138,570.78 Liabilities. Capital Stock Profit & Loss 1,002,000.00 Dr Cattle Outfits $ 9,693.74 Farming Operations 13,495.97 General Expences 6,712.19 Pasturing & Leasing 1,803.27 Maintenance 569.70 Interest 1,546.12 Taxes 3,767.01 Water 1,639.15 Hay, ect. 10,332.06 $49,559.21 Cr. Cattle Sales $144,130.96 Stage & Mail 1,526.34 Store 1,000.00 Hay on hand 32,590.00 $179,247.30 129,688.09 6,882.69 $ 136,570.78 $1,138,570.78

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Notes on Attached Statement. I have added to Cost of Plant $30,282.21,net, which is all bona fide additional properity, outside of $32,590.00 for hay(being 6,518 tons at $5.00 ) most of which will be consumed during the coming year. I have added $1,000.00 for store profit , which is quite justified by our last inventory. I have charged all possible expences to date to Profit & Loss, totaling $ 49, 559.21, including over $ 10,000.00 for putting up hay. I have credited all net revenues and Cattle Sales ( both shipped and sold on ranches ) to profit & loss, as well as crediting it with the hay on hand. This gives us a profit for the year of $179,247.30 . Deducting from this the total expences of $49,559.21, gives us a net profit for the year of $ 129,688.09. We had on hand at the beginning of 1911 in the Profit and Loss Account $ 6,882.69, so that at present our Profit & Loss Account is $ 136,570.78. Evan if we deduct the hay on hand ( $32,590.00 ) we still have $103,980.78 in that acct. During the year we paid off $45,000.00 in notes and at present owe nothing, with $ 76,688.15 on hand in cash. We have not yet received full report on calves branded , but it will be 5,000 at least ( last yaer it was 5,405 ), and having only sold 2,710 head, shows an increase of over 2,000 head of cattle, of which no account has been taken. Of course , there is yet two months expences for this year to be taken care of. Statement of VINEYARD LAND AND STOCK COMPANY October 20th, 1911. ASSETS. Cash Plant Dr. $76,688.15 Blacksmith Shop $248.56 Cattle Bought 1,005.58 Tools 1,851.62 Improvements 562.76 Land Purchases 729.60 Lumber Stock 342.30 Horses Bought 3,041.79 Scrip 1.160.00 $ 8,942.21 Hay on Hand 6,518 @ $5.00 32,590.00 $41,532.21 CR. Land Sales 11,200.00 Horses Sold 50.00 11,250.00
$ 30,282.21 Old Account 1,030,000.00 Store $1,060,282.21 1,600.42 $1,138,570.78 Liabilities. Capital Stock Profit & Loss 1,002,000.00 Dr Cattle Outfits $ 9,693.74 Farming Operations 13,495.97 General Expences 6,712.19 Pasturing & Leasing 1,803.27 Maintenance 569.70 Interest 1,546.12 Taxes 3,767.01 Water 1,639.15 Hay, ect. 10,332.06 $49,559.21 Cr. Cattle Sales $144,130.96 Stage & Mail 1,526.34 Store 1,000.00 Hay on hand 32,590.00 $179,247.30 129,688.09 6,882.69 $ 136,570.78 $1,138,570.78